|Bid||0.00 x 800|
|Ask||0.00 x 1400|
|Day's range||0.00 - 0.00|
|Beta (3Y monthly)||1.55|
|PE ratio (TTM)||15.46|
|Earnings date||16 Oct 2019|
|Forward dividend & yield||6.48 (4.53%)|
|1y target est||148.37|
On Wednesday, IBM's Q2 earnings came out after the market closed. The announcement followed IBM's Red Hat acquisition earlier in July.
Boot Barn, The Greenbrier Companies, Netflix, IBM and eBay highlighted as Zacks Bull and Bear of the Day
Second-quarter earnings rose but revenue fell, and it will take a couple of years to erase the buyout-related debt from Big Blue's balance sheet.
Collectively, the fortunes of the three prominent companies were mixed, and investors are trading their stock accordingly tonight.
Last week, it wrapped up its $34 billion acquisition of Linux maker Red Hat Inc, its biggest deal so far, to expand its subscription-based software offerings. IBM's Global Technology Services unit, its biggest business by revenue that includes infrastructure, cloud and technology support services, reported a 6.7% drop in revenue to $6.84 billion, missing analysts' estimates of $6.92 billion, according to three analysts polled by Refinitiv IBES. The company's systems business, which includes its mainframe servers and storage hardware, fell 19.5% to $1.75 billion.
IBM (IBM) delivered earnings and revenue surprises of 3.59% and 0.25%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.
Investing.com - IBM (NYSE:IBM) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
IBM and AT&T enter into a major cloud and networking partnership. The collaboration will also focus on 5G, IoT and Edge Computing technologies.
Per the multi-year strategic alliance, AT&T (T) will leverage IBM's domain expertise to augment the internal software applications of AT&T Business division for seamless migration to IBM Cloud.
IBM’s revenues have fallen for a fourth straight quarter, pointing to continued pressure on its older products and services despite years of trying to reposition itself in growth markets like cloud computing, artificial intelligence and blockchain. The US IT company on Wednesday reported revenue of $19.2bn for the second quarter of this year, down 4.2 per cent from the year before, or 1.6 per cent after adjusting for currency movements, in line with Wall Street’s expectations.